China Slams New U.S. Tariffs

On 7th April 2025, China strongly rejected the U.S.'s plan to impose an additional 50% tariff on its imports, calling it an act of “blackmail,” as the global trade war showed no signs of cooling.

Key Points

Escalating Tensions: US President announced new tariffs in response to China’s reciprocal duties, triggering sharp condemnation from Beijing.
China’s Stance: China’s Commerce Ministry warned it will “fight to the end” if the U.S. proceeds, labelling the move a repeated mistake.
EU Countermeasures: The European Union proposed 25% retaliatory tariffs on U.S. goods like soybeans and sausages.
Stock Market Reaction: Global markets steadied after steep declines.
White House Defends Strategy: Officials say tariffs are part of a long-term plan to secure better trade deals and protect U.S. interests.
EU Open to Talks: The European Commission expressed willingness to negotiate a “zero-for-zero” tariff agreement with the U.S.
Recession Fears Rise: Investors speculate the Federal Reserve may cut interest rates to counter potential economic fallout.